Sinclair Inc. acquires 8.2% of The E.W. Scripps Company's non-voting shares, emphasizing strategic shareholder value.
Quiver AI Summary
Sinclair Inc. has announced that it has acquired approximately 8.2% of the non-voting Class A shares of The E.W. Scripps Company. In response, Scripps’ board and management emphasized their commitment to enhancing shareholder value through their strategic plan, noting they will prioritize the best interests of all shareholders and the communities they serve. The board intends to evaluate any potential transactions that could increase the company's value and will take necessary actions to protect against any opportunistic moves from Sinclair or others. Scripps is a major local TV broadcaster that operates a diverse portfolio of over 60 stations and provides various national news and entertainment content.
Potential Positives
- Sinclair Inc. has strategically acquired approximately 8.2% of the outstanding class A shares of The E.W. Scripps Company, positioning itself as a significant stakeholder in a major media entity.
- The acquisition indicates Sinclair's confidence in Scripps' strategic plan to enhance shareholder value, potentially leading to collaborative opportunities between the two companies.
Potential Negatives
- The acquisition of 8.2% of Scripps' non-voting shares may be perceived as an aggressive move by Sinclair, indicating potential conflicts or hostile intentions toward Scripps' management and board of directors.
- Scripps' board has openly stated its commitment to protecting the company and its shareholders from what it describes as "opportunistic actions" by Sinclair, which could reflect negatively on Sinclair's reputation in the market.
- The language used by Scripps in their communication suggests a defensive posture, hinting that Sinclair's involvement could create uncertainty or instability concerning future company strategies.
FAQ
What percentage of The E.W. Scripps Company shares did Sinclair Inc. acquire?
Sinclair Inc. acquired approximately 8.2% of the outstanding class A (non-voting) shares of The E.W. Scripps Company.
What is the focus of Scripps' board of directors?
The board of directors and management are focused on driving value for all shareholders through the execution of its strategic plan.
How does Scripps plan to enhance shareholder value?
Scripps' board will evaluate transactions and other alternatives that would enhance the company’s value and protect shareholders' interests.
What is the mission of The E.W. Scripps Company?
Scripps' mission is to create connections through quality local journalism and serve communities across the United States.
How can I contact Scripps for investor or media inquiries?
For investor inquiries, contact Carolyn Micheli at (513) 977-3732; for media inquiries, contact Becca McCarter at (513) 410-2425.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$SSP Hedge Fund Activity
We have seen 58 institutional investors add shares of $SSP stock to their portfolio, and 84 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- NEW YORK STATE COMMON RETIREMENT FUND added 1,361,721 shares (+142.3%) to their portfolio in Q3 2025, for an estimated $3,349,833
- RUSSELL INVESTMENTS GROUP, LTD. added 1,151,092 shares (+886.8%) to their portfolio in Q3 2025, for an estimated $2,831,686
- CHARLES SCHWAB INVESTMENT MANAGEMENT INC added 1,015,964 shares (+35.8%) to their portfolio in Q3 2025, for an estimated $2,499,271
- SCHONFELD STRATEGIC ADVISORS LLC removed 803,920 shares (-44.6%) from their portfolio in Q3 2025, for an estimated $1,977,643
- ASSENAGON ASSET MANAGEMENT S.A. removed 623,899 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $1,534,791
- D. E. SHAW & CO., INC. removed 579,939 shares (-16.6%) from their portfolio in Q3 2025, for an estimated $1,426,649
- MARSHALL WACE, LLP removed 465,702 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $1,145,626
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Full Release
CINCINNATI, Nov. 17, 2025 (GLOBE NEWSWIRE) -- Today, Sinclair Inc. (NASDAQ: SBGI) disclosed that it has acquired approximately 8.2% of the outstanding class A (non-voting) shares of The E.W. Scripps Company (NASDAQ: SSP).
Scripps’ board of directors and management are focused on driving value for all of the company’s shareholders through the continued execution of its strategic plan. The board and management are aligned on doing only what is in the best interest of all of the company’s shareholders as well as its employees and the many communities and audiences it serves across the United States.
The company’s board has and will continue to evaluate any transactions and other alternatives that would enhance the value of the company and would be in the best interest of all company shareholders. Likewise, the board will take all steps appropriate to protect the company and the company’s shareholders from the opportunistic actions of Sinclair or anyone else.
Investor contact:
Carolyn Micheli, The E.W. Scripps Company, (513) 977-3732,
[email protected]
Media contact:
Becca McCarter, The E.W. Scripps Company, (513) 410-2425,
[email protected]
About Scripps
The E.W. Scripps Company
(NASDAQ: SSP) is a diversified media company focused on creating connection. As one of the nation’s largest local TV broadcasters, Scripps serves communities with quality, objective local journalism and operates a portfolio of more than 60 stations in 40+ markets. Scripps reaches households across the U.S. with national news outlets Scripps News and Court TV and popular entertainment brands ION, ION Plus, ION Mystery, Bounce, Grit and Laff. Scripps is the nation’s largest holder of broadcast spectrum. Scripps Sports serves professional and college sports leagues, conferences and teams with local market depth and national broadcast reach of up to 100% of TV households. Founded in 1878, Scripps is the steward of the Scripps National Spelling Bee, and its longtime motto is: “Give light and the people will find their own way.”
